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Fiduciary Accounting

Gary L. Maydew

This course provides a detailed explanation of performing accounting for estates and trusts. It discusses the distinction between income and principle items and provides guidance for constructing appropriate journal entries. Examples of journal entries, a sample Charge and Discharge Statement, and a Balance Sheet are provided.

Topics covered include:

  • Terms and Definitions
  • Dividing Receipts Into Those Going to Principal and Those Going to Income
  • Dividing Payments Into Those Charged to Principal and Those Charged to Income
  • Depreciation
  • Businesses and Liquidating Assets
  • Illustrative Journal Entries
  • The Charge and Discharge Statement

Course Details
Price:  $24.00
Field of Study:  Accounting/Auditing
Prerequisites:  none
Level:  Basic
Course was last updated on:  04/03/06
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Library:
Learning Center Core
Accounting and Audit
Wealth Management

Technical Requirements:
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Credit Available For: Units
CPE 2 CPE
QAS 2 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: Kira W. submitted on 01/13/2010
Examples
Reviewer: Mischa T. submitted on 12/28/2009
great information well organized
Reviewer: Donny W. submitted on 12/26/2009
There were none
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